Greece Asks UK Court to Rule on Disputed GDP Warrant Buyback (1)

Greece is taking a dispute over its GDP warrants to a court in the UK, the latest nation to become embroiled in a battle with holders of the growth-linked debt instruments.

The government last week brought a suit against Wilmington Trust, the trustee for the securities, court filings show. It’s asking the court to uphold the validity of its bid to purchase all outstanding GDP-linked warrants due in 2042, and confirm that the price was calculated correctly, according to a statement by the government.

The move comes after certain holders of the securities “challenged the validity” of a notice ...